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David Auerbach

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David Auerbach boasts over two decades of experience in the securities industry, specializing as an institutional trader with a focus on Real Estate Investment Trusts (REITs), Equity and Preferred stocks, MLPs, ETFs, and Closed End Funds.

Based in Dallas, TX throughout his entire career, David currently serves as the Chief Investment Officer for Hoya Capital, managing the Hoya Housing 100 ETF (Ticker: HOMZ) and The High Yield Dividend ETF (Ticker: RIET). Previously, David held the position of Managing Director at Armada ETF Advisors, the sub-advisor for the Residential REIT ETF (Ticker: HAUS) and The Private Real Estate Strategy via Liquid REITs ETF (Ticker: PRVT).

Additionally, he acts as a consultant with IRRealized, LLC, focusing on corporate access in the REIT industry. David's industry journey includes roles at World Equity Group, Esposito Securities, and Green Street Advisors where he got his start in the REIT industry.

At Esposito Securities, he played a crucial role in building the REIT/Real Estate platform and worked extensively with institutional investors, Equity REITs, and ETF issuers.

Throughout his career, David has been quoted by reputable publications such as Bloomberg, WSJ, Financial Times, REIT.com, and GlobeSt.com. He has also made notable appearances as a featured guest on networks like Yahoo Finance, TD Ameritrade, and Bloomberg.

David holds a BBA in Finance from the University of Texas at Austin (May 1999) and an MBA in Finance from Southern Methodist University (May 2005). He maintains FINRA Series 7, 24, 55, and 63 registrations.

In his leisure time, David is an avid traveler, often found crisscrossing the country in pursuit of attending as many Phish concerts as possible.

News by David Auerbach

What To Watch This REIT Earnings Season - Q3 2026

A sector-by-sector preview of Q3 2026 REIT earnings: where shrinking supply is helping landlords, and where the rate shock bites.

Building corner
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By David Auerbach · October 22, 2026

Losers Of Q2 2026 REIT Earnings Season

In Part 2, now turn to the laggards - including outright disappointments and in-line performers that failed to keep pace with the broader REIT rally.

Losers Of REIT Earnings Season
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By David Auerbach · August 21, 2026

Winners of Q2 2026 REIT Earnings Season

In Part 1 of our Earnings Recap, we highlight the Winners of REIT Earnings Season and the key takeaways from roughly 200 reports across equity REITs, mortgage REITs, and homebuilders over the past six weeks.

Winners & Losers of REIT Earnings Season
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By David Auerbach · August 21, 2026

State Of REITs: A Revival Is Brewing, If Rates Behave

The end of the "Rates Up, REITs Down" regime?

REIT Q2
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By David Auerbach · June 24, 2026

Meet the Biggest Losers of REIT Earnings Season - Q1 2026

Even in a quarter where REITs broadly beat expectations, the real story was where the cracks refused to heal.

Losers REIT
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By David Auerbach · May 22, 2026

Meet the Biggest Winners of REIT Earnings Season - Q1 2026

A wave of guidance raises, improving fundamentals, and renewed deal activity revealed the REIT sectors gaining the most momentum in 2026.

Meet the Biggest Winners of REIT Earnings Season - Q1 2026
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By David Auerbach · May 21, 2026

REITs Strike Back: Defying Rates, Riding the HALO Trade Into Recovery

David Auerbach of Hoya Capital breaks down how REITs are staging a powerful comeback, defying rising rates and riding the HALO trade into a new recovery cycle.

REITs Strike Back: Defying Rates, Riding the HALO Trade Into Recovery
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By David Auerbach · April 9, 2026

Winners & Losers Of 4Q’25 REIT Earnings Season

In our Earnings Season Recap, we analyze and highlight the incremental positive and negative takeaways for each property sector, noting the best and worst performers during this earnings season.

Winners & Losers Of 4Q’25 REIT Earnings Season
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By David Auerbach · March 11, 2026

Wall Street Isn't The Housing Problem

Policy-driven fears around institutional ownership of housing sparked a sharp selloff in single-family rental REITs, but fundamentals and valuations suggest the reaction may be overdone.

Wall Street Isn't The Housing Problem
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By David Auerbach · January 13, 2026

REIT Earnings Season Q3 2025: The Standouts, the Stumbles, and the Shockwaves

REIT earnings just revealed a market split wide open. Some soared, some imploded.

REIT Earnings Season Q3 2025: The Standouts, the Stumbles, and the Shockwaves
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By David Auerbach · November 20, 2025
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